mrtommifunn
Long

Gold is in the bull market

FX_IDC:XAUUSD   GOLD / US DOLLAR
97 4 1
5 months ago
I haven't got much to comment really but gold             is in a bull market (do i need to repeat that?) This means to cut to the chase if you are shorting you are gambling and if you are long then you need good money management and patience. It will then pay off.
Sorry to be blunt but how else can i say it.
5 months ago
Comment:
snapshot

Update: I'm expecting consolidation, allow more bears to come aboard. It is now reported that there is only 21.9% chance of a fed rate hike . I cannot see it breaking out of either the upper or lower trend lines until the FED announcement.
danbar
5 months ago
Thank you and hope you are right. I just loaded my account with NUGT.
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mrtommifunn PRO
5 months ago
Saturday night messing about with charts :
snapshot
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mrtommifunn PRO
5 months ago
just can't help loading the graphs that i see........lol lol
snapshot
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yes yes yes :-) Gold is in a bull run towards $1,500 - $1,530. That´s where we should expect a larger multi month pullback... probably end of the year or spring 2017!
For now it should hold above $1,300 and move soon or later (correctly stated a decision is imminent until early October..) towards the next minor target $1,415 - $1,430 ... check the slow stochastic on the monthly chart.. its bullish embedded.. the uptrend is locked in.. we will go higher from here.. any short-term move below $1,325 is another chance to add long positions...
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